0443 GMT - Fast-food operator Collins Foods has several ways to pursue its exit from Taco Bell in Australia, Barrenjoey analyst Peter Marks writes in a note. Marks tells clients that management is considering transferring operations to U.S.-listed brand owner Yum Brands. He says the other options are to find another owner, close stores one by one, or shut the whole chain in a single move. He suggests that some stores could be converted to the KFC brand, which Collins also operates in Australia, but notes that many stores are too close to existing KFC outlets. Barrenjoey has a neutral rating and a A$9.00 target price on the stock, which is down 5.8% at A$8.165. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 00:43 ET (04:43 GMT)
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